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FOR SALE
NEWLY LISTED
POPULAR

Retail, 720 sqm, Agios Eleftherios - Probona - Rizoupoli

#60199
Athens-Center, Athens-Center-Agios-Eleftherios-Probona-Rizoupoli-Agios-Eleftherios
720 sqm
Basement L1
1980

Panagiotis Kokkalis|+30 210 68 12 500
Property
Description of the property
An attractive income-producing investment property is offered for sale, comprising two independent commercial spaces, both fully leased to established corporate tenants.

The property is 50% leased to a Supermarket operator and 50% to an IT company, providing a diversified tenant profile and stable, recurring rental income.

The property offers a 7.1% yield based on the initial acquisition price, making it an attractive proposition for investors seeking stable income and long-term investment exposure.

A key investment advantage is the long remaining lease term, with both leases having more than 10 years remaining. This significantly enhances income visibility and provides a high degree of rental stability while reducing vacancy risk.

Furthermore, both tenants have made substantial investments and improvements to the building, adapting the premises to their specific operational requirements. These investments contribute to the overall enhancement and value of the property, while also demonstrating the tenants' long-term commitment to maintaining their operations at the location.

The property is situated on a central and highly visible commercial road, offering excellent accessibility, strong exposure and significant commercial value.

Key Investment Highlights
7.1% yield based on the initial acquisition price
100% leased
50% leased to a Supermarket operator
50% leased to an IT company
Long-term leases with more than 10 years remaining
Significant capital investments made by the tenants
Prime central and highly visible location
Diversified and established tenant profile
Stable and predictable rental income
Strong potential for inclusion in a long-term investment portfolio

A compelling investment opportunity combining stable income, long-term leases, established corporate tenants and a strategic location, offering an attractive profile for investors seeking predictable cash flow and long-term asset value.
Extra information
GENERAL
Completion status
Completed
PLOT
Frontage size
9To15M
View
City
BUILDING
Build year
1980
Structure quality
Very good
Total floors
5
UNIT
Main area size
720 sqm
Floor
Basement L1
View
City
Heating
Electric, Individual
Heating source
Other
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